Boral happy with first quarter performance

Building products group Boral says it improved its performance during the September quarter and expects to continue to grow through the current financial year.

AAP reports that Boral Chief executive Mike Kane told shareholders at the company’s annual general meeting on Thursday that prices are steady in the construction materials and cement markets throughout the country, but stronger in southeast Queensland and metropolitan NSW areas.

"Our objective is to strengthen the construction materials and cement division by growing margins and continuing to develop major project capability, as well as maximising returns from our building products business," he said.

Meanwhile, Karen Moses has been appointed as a non-executive Director of Boral Limited, Karen Moses to join the Board of Boral.

Moses, who is currently Executive Director, Finance & Strategy, at Origin Energy, is expecting to retire from Origin after February 2016. She joined the Board of Origin Energy as an executive Director in 2009 and did not seek re-election to Origin’s Board at the AGM on 21 October 2015.

"Together with my fellow Directors, we are very pleased to welcome Karen to Boral’s Board, and look forward to working with her from March 2016,” Chairman Elect of Boral, Dr Brian Clark commented.

“Her background and experience in overseeing significant financial and strategic transactions, managing operational, financial, safety and environmental risks, and managing supply chains from upstream exploration through to downstream retail marketing, will be highly valuable as Boral continues to grow and transform into a high performing company,” added Dr Clark.